Victor Haghani
ON THE RECORD · 6 verbatim quotes · every quote source-verified
“We still are human beings and we're subject to certain kinds of biases — particularly extrapolation bias where whatever has happened recently in the past we tend to believe that it's going to continue into the future.”
Victor Haghani · said date not stated · reported 2026-10-24
Haghani explained that human biases, particularly extrapolation bias, still affect investor decision-making.
“If you're a retail investor sitting at home and trying to find opportunities, you have to realize that probably on the other side of your trades is [Citadel CEO] Ken Griffin or whoever, and it's probably not going to end all that well.”
Victor Haghani · said date not stated · reported 2026-10-24
Haghani warned retail investors that their trades may be matched against sophisticated firms on the other side.
“Whether it's Citadel or Jane Street or Hudson River Trading, they're just minting money every single day. So, it's an opportunity-rich environment — if you happen to have a billion dollars to spend on tech each year,”
Victor Haghani · said date not stated · reported 2026-10-24
Haghani said elaborate strategies require massive resources, noting firms like Citadel and Jane Street spend heavily on technology.
“[Retail investors are] just very well served by having some exposure to broader index funds overall.”
Victor Haghani · said date not stated · reported 2026-10-24
Haghani said retail investors are well served by exposure to broader index funds.
“I'm not sure that investors are that much more sophisticated than they were 30 years ago,”
Victor Haghani · said date not stated · reported 2026-10-24
Haghani told CNBC's "ETF Edge" that retail investors buying individual stocks and complex ETFs may be better off with broad market index funds.
“It's an environment that continues to be tough for individual non-professionals to generate alpha,”
Victor Haghani · said date not stated · reported 2026-10-24
Haghani, a founding partner at Long-Term Capital Management, said the current environment is difficult for non-professionals to generate alpha.